Gold and silver rates have been fluctuating, making it crucial for investors and buyers to stay updated with the latest prices. Today, on May 14, 2024, the gold and silver markets are witnessing some interesting trends. Let’s delve into the current rates across various cities:
Gold Rates
In the bullion market today, the price of 22-carat gold stands at Rs. 66,900 per 10 grams, while 24-carat gold is priced at Rs. 72,970 per 10 grams. Additionally, the rate for 1 kilogram of silver is Rs. 87,200.
Changes in Gold and Silver Prices
There has been a significant fluctuation in gold and silver prices today. Gold rates have witnessed a decrease of Rs. 410 per 10 grams, while silver prices have seen an increase of Rs. 700.
City-wise Gold Rates for 18, 22, and 24 Carats
- Delhi: Rs. 54,740 (18 carats), Rs. 66,900 (22 carats), Rs. 72,970 (24 carats)
- Kolkata and Mumbai: Rs. 54,620 (18 carats), Rs. 66,750 (22 carats), Rs. 72,820 (24 carats)
- Chennai: Rs. 54,800 (18 carats), Rs. 66,800 (22 carats), Rs. 72,980 (24 carats)
City-wise Silver Rates
- Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, Delhi: Rs. 87,200 per kilogram
- Chennai, Madurai, Hyderabad, Kerala: Rs. 90,700 per kilogram
- Bhopal and Indore: Rs. 87,200 per kilogram
Important Points to Consider Before Buying Gold
- Look for the hallmark to ensure the purity of gold.
- Gold is commonly available in 20 and 22 carats, although some prefer 18-carat gold for jewelry.
- The markings on gold indicate its purity, with 24-carat gold being the purest.
- Gold jewelry of 22 carats typically contains about 91% purity, with the remaining 9% comprising other metals like copper, silver, or zinc.
- While 24-carat gold is the purest form, it is not commonly used for making jewelry due to its softness. Therefore, 18, 20, and 22-carat gold are more commonly available.
Gold and silver rates are subject to market fluctuations influenced by various factors such as demand, geopolitical tensions, and economic indicators. It’s essential for investors and buyers to stay informed about the latest trends to make informed decisions regarding their investments and purchases in precious metals.